Acton invests in virtual office services specialist
Hamburg/Munich, Germany, 2 August 2011 - Acton Capital Partners has acquired a stake in Bueroservice24 AG, a German provider of virtual office services for small and medium-sized businesses. This is a further investment of the Munich-based VC firm from of its Heureka Growth Fund. The remaining shares in the company are held by the management and by business angels. The terms of the deal will not be disclosed.
Bueroservice24 AG (www.bueroservice24.de) was established in February 2010 by entrepreneurially-minded private investors. The company provides small and medium-sized businesses, such as entrepreneurs, real estate agents, lawyers, therapists and on-line shops, with a reliable personal office service. Its core competency is a professional telephone service for companies. Trained secretaries personally and competently take calls on behalf of the respective customer. If agreed, Bueroservice24.de will also manage appointments and provide information. The client is informed of any requests for a return call by e-mail and text message in a detailed call report. Bueroservice24.de thus guarantees its customers that their telephone calls will always be answered and enables them to concentrate on their core business. An attractive price model, consisting of a flat monthly payment and a variable fee depending on the quantity of calls answered helps to permanently reduce overheads. Other services provided by Bueroservice24.de include renting out virtual registered office addresses and the inexpensive production of high-quality company logos.
“We are delighted to welcome Acton on board as a valuable partner with long-term experience in the implementation of growth strategies,” explains Daniel Dimpker, founder and CEO of Bueroservice24.de. “The cash injection will allow us to expand our business and further sharpen our competitive edge by offering quality, excellent customer service and key additional services.”
“Bueroservice24.de has a convincing business model and is managed by a highly experienced team”, says Frank Seehaus, Managing Partner of Acton, explaining the rationale for the investment. “The company also operates in an attractive market – the small and medium-sized business sector is the most rapidly growing sector of the German economy. We see great potential for services which are tailored to meet the needs of that target group.”
Since its inception, Bueroservice24 AG has been actively supported by DMIT Deutsche Medien und IT – Die Startup-Werft. DMIT is owned by Arne Kahlke and Sören Kress, who founded the successful German matchmaking site “ElitePartner” and managed the internet company for many years. Mr. Kahlke and Mr. Kress were among the initiators of Bueroservice24 and helped arrange all financing rounds so far. As business angels, they continue to be invested in the company.
BSAG Bueroservice24 AG (www.bueroservice24.de) specialises in services in the B-to-small-B sector. Through innovative outsourcing concepts it supports numerous companies in Germany and abroad with regard to their customer loyalty and customer satisfaction. In this way, customers of Bueroervice24 can improve their business processes both flexibly and cost-effectively. In addition to the new investor Acton, the following private investors or their respective investment arms are shareholders in the company: ComCap Ventures (Simon Gollmann), Daniel Dimpker, DMIT Deutsche Medien und IT – Die Startup-Werft (Arne Kahlke, Sören Kress), Holger Schnittker and Wolfman Holdings (Professor Wolf Michael Nietzer).
About Acton Capital Partners:
Acton Capital Partners (www.actoncapital.com) is an independent, partner-led growth equity investor in the internet and mobile communications sector. The investment focus of Acton’s Heureka Growth Fund, established in 2008, is consumer-oriented business models in media, e-commerce and online marketplaces. The Heureka Growth Fund’s current portfolio includes companies such as Glasses Direct, mytheresa.com und Yatego. The Acton team has also managed the corporate venture capital company of Hubert Burda Media, one of the leading German media groups. Investment success stories include AbeBooks, Alando, ciao.com, Elitepartner, HolidayCheck, OnVista and zooplus.
Press Contact Acton:
Tel. :+49 (0) 89 / 2 42 18 87-22
Tel. +49 (0) 40 / 600 385 -0